Forgivable Home Grants in West Chicago Illinois
Home Buyer Grants in West Chicago Illinois
Do you meet the general criteria for a home loan but lack the down payment? Because this happens far too often Smart Mortgage Centers has created forgivable grant programs in West Chicago, IL that provide down payment and closing cost assistance for borrowers who would otherwise qualify for a mortgage.
Smart Mortgage Centers offers Homebuyer Grants. To qualify the mortgage will be completed by Smart Mortgage Centers. Grant programs in West Chicago are not limited to First Time Homebuyers.
- 580 Credit Score Required
- Grant is completely forgiven – no repayment required!
- Grant can be used for down payment and/or closing costs
- Seller Credit of 6% is allowed
- Gift funds are allowed!
- Borrower(s) not required to be First Time Homebuyers.
- Income limit is based on qualifying income used for transaction, not household income.
West Chicago is a city in DuPage County, Illinois, United States. The population was 27,086 at the 2010 census. It was formerly named Junction and later Turner, after its founder, John B. Turner, president of the Galena and Chicago Union Railroad (G&CU) in 1855.[5] The city was initially established around the first junction of railroad lines in Illinois,[6] and today is still served by the Union Pacific / West Metra service via West Chicago station.
West Chicago is located at 41°53′18″N 88°12′35″W / 41.888378°N 88.209659°W / 41.888378; -88.209659.[7]